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Wednesday, 22 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 2191:
The table below shows the age distribution of hypothetical population. <br/><table class='tbn'><tbody><tr><td> Age </td><td> No. of people (million) </td></tr><tr><td> Under 20 </td><td> 20.90 </td></tr><tr><td> 20 - 29 </td><td> 13.75 </td></tr><tr><td> 30 - 59 </td><td> 12.10 </td></tr><tr><td> 60 and above </td><td> 8/25 </td></tr><tr><td> Total </td><td> 55.00 </td></tr></tbody></table><br/><br/><br/>Present this information in the form of a pie chart. Show your workings clearly.
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    Question 2192:
    Economics can be best defined as the study of
    • A How to spend the family income efficiently
    • B How to find minimum cost of production
    • C The interpretation of scarce resourceand date
    • D How scarce resource can be used efficiently
    • E Why resource are scarce
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    Question 2193:
    which of the following are resources for holding money instead of investing it? I Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive
    • A I and II only
    • B I and III only
    • C I, II and III only
    • D I, II and IV only
    • E II, III and IV only
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    Question 2194:
    it is general belief that inflation in West Africa is caused by all the factors listed below except
    • A Excessive bank lending
    • B Budget deficit
    • C Rising incomes
    • D Shortage supply
    • E Decrease in money supply
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    Question 2195:
    all the following are specific examples of indirect tax except
    • A Purchases tax
    • B Import duty
    • C Export duty
    • D Excise duty
    • E Poll tax
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